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Cryptowisser : Crypto Taxes Will Continue to See a Regulations Increase as Adoption Rises
28.6.2021
PRESS RELEASE. June 2021, leading Crypto service comparison site – Cryptowisser, attempts to dissipate the cloud of confusion surrounding tax regulations on crypto currencies around the world. As the tax season comes to a close and a record amount of crypto traders are holding, how do...
Bitcoin, Ethereum and Altcoins Start Fresh Increase
28.6.2021
Bitcoin price was able to stay above the main USD 30,000 support zone. As a result, BTC started a fresh increase above the USD 33,500 resistance. It is currently (04:37 UTC) showing positive signs above USD 34,000 and it could aim for a break above USD 35,000.
Similarly, most major altcoins...
Bitcoin’s Hashrate Drops Below 100 Exahash, Observers Describe China’s ‘Great ASIC Exodus’
23.6.2021
Most of the crypto community has been focused on the developments in China and more specifically, the crackdowns against bitcoin miners in Inner Mongolia, Xinjiang, Qinghai, Yunnan, and Sichuan. On Wednesday morning (EST), Bitcoin’s overall hashrate has continued to drop and is now below...
Out of All the American States Study Shows Hawaii Expressed the Most Crypto Demand This Year
18.6.2021
A report published by the independent marketing intelligence company, Miq Digital, explains that Hawaii has seen the most crypto demand of all the states in the U.S., with a 687% increase since 2020. As far as increased cryptocurrency demand since last year, Nevada, California, Florida,...
Nestree Launches a Reward-Based Digital Commerce “Nestree Mall”
18.6.2021
PRESS RELEASE. A South Korean blockchain-based community messenger “Nestree” has announced that it is launching an innovative and cutting-edge reward-based digital commerce platform called “Nestree Mall’. Nestree Mall is part of the roadmap of the blockchain platform that...
Hawaii had largest increase in demand for crypto out of US states this year
17.6.2021
“Around 6% of the U.S. population now use or own crypto, and the trend is growing,” said the report
Bitcoin Eyes Fresh Increase, Ethereum and Altcoins Face Resistance
17.6.2021
Bitcoin price corrected lower below USD 38,500, but the bulls were active above USD 38,000. BTC started a fresh increase and it climbed above USD 39,000. It is currently (12:11 PM UTC) showing positive signs and is eying USD 40,000.
Besides, most major altcoins are also trying to gain bullish...
Hedge Funds Aim for $300 Billion in Crypto Assets Within 5 Years, Survey Shows
16.6.2021
Hedge funds are likely to significantly increase their crypto holdings, a global poll of chief financial officers has indicated. According to an average figure based on their forecasts, the funds will keep more than 7% of assets in cryptocurrency within the next five years. Hedge Fund CFOs Expect...
US Senators Call for Increased Measures to Regulate and Trace Cryptocurrencies
7.6.2021
Two U.S. senators have urged lawmakers to increase measures to regulate cryptocurrencies, including how to trace cryptocurrency transactions, in order to combat ransomware attacks. “We haven’t figured out in the country or in the world how to trace cryptocurrency,” one senator...
Government Cannot Stand in the Way of Crypto Technologies, Iran Minister Says
7.6.2021
New technologies, including blockchain and cryptocurrency mining, have helped Iran to increase budget receipts and withstand foreign sanctions, according to the country’s minister for economy and finance. The high-ranking official believes the government can’t interfere with their...
ECB: Digital Euro to Boost Global Appeal of European Money, Fight ‘Artificial Currencies’
4.6.2021
The digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report. A failure to offer a digital currency would endanger financial stability, ECB warns. The regulator is concerned about the prospect...
Canaan Expects $250M Revenue in Q2 — Yields and Mining Rig Deliveries to ‘Increase Substantially’
2.6.2021
The mining rig manufacturer Canaan saw steady profits during the Q1 after reporting its unaudited first quarter 2021 financial results on Tuesday. Canaan noted that it expects to at least sustain current profits or rise above to roughly $150 to $250 million in revenue for Q2. Canaan Expects $250M...
Here's how traders use call options to increase their Bitcoin holdings
29.5.2021
Learn how pro traders use covered call strategies as a low-risk method to increase their Bitcoin holdings
Biden Administration Looking to Increase Cryptocurrency Oversight to Protect Investors, Prevent Illicit Transactions
26.5.2021
The Biden administration is reportedly looking to increase oversight of the crypto market with the aim to protect investors and prevent illicit transactions. White House officials, lawmakers, and central bankers have had several meetings on cryptocurrency regulation amid recent price swings...
Voyager Digital sees 16X increase in quarterly revenue, first operating profit
26.5.2021
The Canadian trading and yield app recorded $60 million in revenue for Q1, 2021
Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners
25.5.2021
After Tesla’s Elon Musk and Microstrategy CEO Micheal Saylor revealed the revelation of a newly created “Bitcoin Mining Council,” the news became a viral subject. While some crypto supporters like the idea, others have been skeptical of a couple of billionaires having closed-door...
DeFi Yield Protocol (DYP) Launches Decentralized Tools Dashboard
24.5.2021
Yield Farming protocol DYP has launched its long-awaited DYP Tools. DYP Tools V1 is a decentralized tools dashboard built with features that will increase the use cases for DYP Token and the entire DeFi ecosystem. The tool dashboard serves as a liquidity locker for any DeFi project and protects...
Contrary to Musk's Idea, You Can't Just Increase Block Size, Says Buterin
24.5.2021
There are limits to blockchain scalability in order to not sacrifice decentralization, according to Ethereum (ETH) Co-founder Vitalik Buterin, and "you can't "just increase the block size by 10x"," as was Tesla's chief Elon Musk recently shared idea.
While Musk recently tweeted...
Crypto Miners Using Household Electricity Face Fines as Consumption Spikes in Iran
17.5.2021
Those who mine cryptocurrencies with power intended for domestic use will pay hefty fines, the Iranian government warned. The country is experiencing shortages due to reduced hydropower generation as authorities register a surge in electricity consumption for cryptocurrency mining. Crypto Miners...
Official Remittance Inflows to Zimbabwe Surged to $1 Billion After Covid-19 Restrictions Forced Migrants to Use Formal Channels
13.5.2021
Cross border remittances into Zimbabwe surged to $1 billion in 2020, more than a 36% increase from the $636m that was recorded in 2019. This surge in remittances occurred despite the “steep decline in economic activity in host countries, which in turn made it difficult for migrants in...